Brief: A.S. Creation Tapeten: Sale Of 50% Stake In OOO A.S. & Palitra

AS Creation Tapeten AG

02/04/2019 10:54

April 2 (Reuters) - AS CREATION TAPETEN AG  ACWNn.DE :
    * SALE OF THE 50% STAKE IN OOO A.S. & PALITRA
    * TRANSACTION IS WORTH A LOW DOUBLE-DIGIT MILLION EURO
AMOUNT
    * LINS WALLPAPER WILL BUY 50% STAKE IN A.S. & PALITRA FROM
A.S.
CRÉATION TAPETEN AND REPAY SHAREHOLDER LOANS UNTIL DEC 31, 2019
    * TRANSACTION WILL HAVE NO IMPACT ON PUBLISHED EBIT FORECAST
FOR
FISCAL YEAR 2019
    * AS CREATION TAPETEN - 2019 EARNINGS AFTER TAXES WILL BE
HIGHER
THAN EXPECTED AS A RESULT OF TRANSACTION AND AMOUNT TO BETWEEN
EUR 10.0 MILLION AND EUR 11.0 MILLION

Source text for Eikon:  ID:nEQ1sXSbva 
Further company coverage:  ACWNn.DE 

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